Insolvency resources and insights
Helpful resources on insolvency, business resilience and Voluntary Administration in New Zealand
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Insolvency in NZ: Quarterly Market Report Sep 23
Looking at Voluntary Administrations, Liquidations and Receiverships across New Zealand for Q3 2023. BWA Insolvency's latest Quarterly Market Report provides a telling picture of consumer-facing sectors
Insolvency in NZ: Quarterly Market Report Jun 23
The Quarterly Market Report paints a telling picture of the state of insolvencies in New Zealand. Q2 2023 has seen a 34% rise in insolvencies from last quarter.
What is a Statutory Demand? And what to do if you receive one.
Why have I received a Statutory Demand? Understanding the consequences of receiving a Statutory Demand is crucial in avoiding potential liquidation and resolving outstanding debts.
Insolvency in NZ: Quarterly Market Report Oct 22
The Quarterly Market Report paints a telling picture of the state of insolvencies in New Zealand. Q3 2022 has seen a 48% rise in formal appointments from the previous quarter.
The moratorium in the Voluntary Administration process
The process of Voluntary Administration automatically triggers a moratorium which freezes most action from creditors. Here's what happens during Voluntary Administration.
BWA in the News: Bryan Williams INSOL Fellow
BWA Insolvency managing director and voluntary administration expert Bryan Williams has become the second person in New Zealand to be named a Fellow of global insolvency organisation Insol.
Company Liquidation – the real cost and who pays
The impact of a company going into liquidation hits owners and shareholders hard. But it doesn’t stop there. From employees to IRD, we take a look at the real cost of liquidation and who pays the price.
What to expect if you’re served a Statutory Demand
Received a statutory demand? Understanding the statutory demand process is your best chance to avoid liquidation. Make sure you understand your rights and the tight timeframes within which you must act.
Statutory Demands: Is IRD’s Covid-related leniency reaching its limit?
We were expecting to be busy when Covid first hit, but the predicted economic carnage didn’t materialise. And that’s largely down to the Government’s wage subsidy policy.
The case for Voluntary Administration – Insolvency Advice
As many New Zealand businesses predict difficult times ahead, we take a look at the benefits of Voluntary Administration and why you would choose it over liquidation. Expert advice from an insolvency specialist.
The New Economic Climate
There is a sense of buoyancy in the New Zealand economy. There are predictions of 4 per cent growth in GDP, and even mention of inflation. It seems that the COVID-19 pandemic...
How VA Helps Companies Get Back On Their Feet
Voluntary Administration is a process that helps businesses facing insolvency get back on their feet. Insolvency follows a well-worn pattern of value depreciation. It starts with...
Seeing the light in a failed business rescue plan
When the waves keep coming, the only way to overcome their weight and turbulence is to learn how to surf. Insolvency is very much like the breaking surf, bringing noise, confusion...
The year that was
2020 was a memorable year for many things to people in business. The impact of Covid-19 is certain to be at the top of the list. Attempts to beat the virus prevented the most...
Business debt hibernation is here
The Business Debt Hibernation scheme is now law, bringing help to those businesses that are vulnerable but still viable in these difficult economic times. As of 16 May 2020...